Okta shares set to open higher after earnings beat and raised outlook

Tech Software & Services Written by: Emily Jarvie 08:59 Thu 27 Aug 2026 --> Disclaimer No investment advice About this content Editorial Standards & Policies Share article About this content × About Emily Jarvie Emily began her career as a political journalist for Australian Community Media in Hobart, Tasmania. After she relocated to Toronto, Canada, she reported on business, legal, and scientific developments in the emerging psychedelics sector before joining Proactive in 2022. She brings a strong journalism background with her work featured in newspapers, magazines, and digital publications across Australia, Europe, and North America, including The Examiner, The Advocate, The Canberra Times, and... Read more About the publisher Proactive financial news and online broadcast teams provide fast, accessible, informative and actionable business and finance news content to a global investment audience. All our content is produced independently by our experienced and qualified teams of news journalists. Proactive news team spans the world’s key finance and investing hubs with bureaus and studios in London, New York, Toronto, Vancouver, Sydney and Perth. We are experts in medium and small-cap markets, we also keep our community up to date with blue-chip companies, commodities and broader investment stories. This is content that excites and engages motivated private investors. The team delivers news and unique insights across the market including but not confined to: biotech and pharma, mining and natural resources, battery metals, oil and gas, crypto and emerging digital and EV technologies. Use of technology Proactive has always been a forward looking and enthusiastic technology adopter. Our human content creators are equipped with many decades of valuable expertise and experience. The team also has access to and use technologies to assist and enhance workflows. Proactive will on occasion use automation and software tools, including generative AI. Nevertheless, all content published by Proactive is edited and authored by humans, in line with best practice in regard to content production and search engine optimisation. Okta Inc ( NASDAQ:OKTA ) View Price & Profile Okta shares set to open higher after earnings beat and raised outlook Published: 08:59 27 Aug 2026 EDT Okta Inc (NASDAQ:OKTA) shares are set to open about 18% higher on Thursday after the identity management software company reported fiscal second-quarter results that beat Wall Street expectations for revenue and adjusted earnings. Okta reported total revenue of $805 million for the quarter ended July 31, up 11% from $728 million a year earlier and ahead of estimates of about $794 million. Subscription revenue increased 12% to $793 million. Non-GAAP diluted earnings were $1.05 per share, compared with $0.91 a year earlier and above the consensus estimate of about $0.97. GAAP net income was $116 million, up from $67 million in the year-ago quarter. GAAP operating income rose to $107 million from $41 million. Current remaining performance obligations increased 14% year over year to $2.585 billion, while total remaining performance obligations rose 17% to $4.858 billion. Okta generated $234 million in operating cash flow and $227 million in free cash flow during the quarter. Non-GAAP operating income was $226 million, representing a 28% margin. The company also raised its fiscal 2027 outlook. Okta now expects full-year revenue of $3.216 billion to $3.226 billion, up from its previous range of about $3.19 billion to $3.21 billion. Full-year non-GAAP diluted earnings are now expected at $3.90 to $3.94 per share, compared with a previous outlook of about $3.84. For the third quarter, Okta expects revenue of $813 million to $817 million and non-GAAP diluted earnings of $0.92 to $0.94 per share. “As AI agents transform every layer of technology, every agent needs a trusted identity and clear controls over what it can access and do,” CEO and co-founder Todd McKinnon said in the company's earnings release. “As the leading independent and neutral identity provider, Okta helps organizations discover agents, secure their connections, govern their actions, and respond when something goes wrong, giving them the flexibility and control they need to deploy agents safely and at scale.” Continue reading